A company starts in business on 1 January 19X3, the financial year end being 31 December. You

Question:

A company starts in business on 1 January 19X3, the financial year end being 31 December.

You are to show:

(a) The machinery account.

(b) The provision for depreciation account.

(c) The balance sheet extracts for each of the years 19X3, 19X4, 19X5, 19X6.

image text in transcribed

Depreciation is at the rate of 10 per cent per annum, using the straight line method, machines being depreciated for each proportion of a year.

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ISE Business Accounting Volume 1

ISBN: 9780273638391

8th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: May 24, 2024 02:03 AM

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A company starts in business on 1 January 19X3, the financial year end being 31 December. You

Question:

The machinery bought was: 19X3 1 January 19X4 1 July 1 October 19X6 1 April 1 machine costing 800 2 machines costing 500 each 1 machine costing 600 1 machine costing 200

Step by Step Answer:

ISE Business Accounting Volume 1

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